Money manager still on-guard

Matterhorn Capital Management’s Stefan Grater says he and colleagues at the San Antonio money management firm remain “defensively positioned to weather” more stock market volatility; they like health care and consumer staples.

“In very uncertain times, market sentiment swings with the business headline news items of the moment,” Grater said via email. “Since we think there is a lot more bad news to come (as we have seen today), there will be more ups and downs in the markets.”